Federal government spending was fairly constant for more than a decade until the year _____, when it rose sharply; then it rose sharply again in the year _____.
Fill in the blank(s) with the appropriate word(s).
1933; 1941 (or 1942)
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In an oligopoly, output is
A) less than the output in monopoly. B) greater than the output in perfect competition. C) in all circumstances the same as the output in perfect competition. D) somewhere between the output in monopoly and that in perfect competition outcomes. E) in all circumstances the same as the output in monopoly.
Who selects the board of directors of a corporation?
A) stockholders B) managers C) the state where the corporation is chartered D) employees
_____ _____ theory applies economic principles to public sector decision making
Fill in the blank(s) with the appropriate word(s).
The first automobile manufacturer to use a division of labor and to use a moving assembly line was
A. Henry Ford. B. Henry Leland. C. Henry Olds. D. Andrew Carnegie.